Member

However, this amendment goes further, in a way that the Government do not feel is appropriate. It would also require further detail about what constitutes “liquidity” in the Bill. However, it must be for the regulator, with an in-depth understanding of clubs’ finances, to determine what tools are suitable. Remember, the purpose of liquidity buffers is not to be punitive but to ensure that clubs are resilient. We expect that the regulator will determine that liquidity buffers can take a range of forms, not just cash buffers. The Bill as drafted already allows for this.